Employment Contract between Commercial Mutual Insurance Company


and Successor Companies and John D.Reiersen








Assumptions:


1.
Mr. Reiersen will terminate his employment with The Robert Plan effective 11/10/06


2.
Commercial Mutual (CMIC) will make up lost salary and benefits currently being received by Mr. Reiersen from the Robert Plan.


3.
Mr. Reiersen will receive additional time off in each calendar year, and his salary level will be adjusted accordingly.


4.
Effective date of Contract November 13, 2006


5.
Title will be President & CEO through 12/31/09 at which time Mr. Reiersen will become a consultant to the Company. Mr. Reiersen's position as Consultant will be annually renewed subject to Board approval.


6.
Mr. Reiersen has the option of ending his position as President & CEO effective 12/31/08, subject to providing at least one year's prior notice of such election. Under this option, Mr. Reiersen will become a Consultant to the Company, effective 1/01/09.








Current salary and benefits:


Commercial Mutual Insurance Company


Salary $220,000. Current contract expires 12/31/07 Company life benefits of $100,000


Company DBL insurance


Company 401k plan


Dental insurance


Eligibility for CMIC profit sharing plan


25 time bank days


Acura MDX- Company car


Severance- One years pay-prorated in 2007.








Robert Plan-


Salary $75,000


Executive DBL Program


Dental Insurance


Life Insurance $75,000


Company pays 50% of supplementary life policy providing $380,000 in coverage


5 time bank days








Contract terms:


Period 11/13-12/31/06


Salary of $295,000


401k plan eligibility


Company life Insurance at $100,000 maximum


Payment of supplementary life insurance policy (approximately $2200 per year)


Time bank days- prorated days at 30 day level


Company holidays


Dental Insurance


Company DBL benefits


CMIC profit sharing plan eligibility


Company car- Acura MDX or equivalent


Severance one year's pay plus accrued time bank days








Period 1/1/07- 12/31/07- Mr. Reiersen's time bank days are increased to 40. A 5% or $15,000 pay increase will become effective 1/01/07. In return for the additional 10 time bank days, Mr. Reiersen will forgo $10,000 of that raise. Salary and benefits will be as follows:





Salary $300,000 per annum


40 time bank days


Company 401k plan


Company profit sharing plan as approved by Board


Company life insurance


Supplemental life insurance benefit


Company DBL program


Company dental benefits


Company car- MDX or equivalent


Company holidays


Severance pay- Up to 6/30/07- balance of the year, plus accrued time bank days. From


7/1/07- 6 months pay plus accrued time bank days








Period 1/1/08-12/31/08- Mr. Reiersen will commence working on a four-day a week basis with four weeks vacation. This will increase his time bank days to 68 for the year an increase of 28 days over 2007. Mr. Reiersen will receive a salary increase of 5%, effective 1/01/08 increasing his full-time salary to $325,500. In return for the additional time bank days Mr. Reiersen will forego $35,000 of his salary. Thus salary and benefits will be as follows:





Salary - $290,500


68 time bank days


Company 401 k plan





Company profit sharing plan as approved by Board


Company life insurance


Supplemental life insurance


Company DBL benefits


Company dental benefits


Company car MDX or equivalent


Company holidays


Severance Pay- 6 months pay plus accrued time bank days.








Period 1/1/09-12/31/09- During this period Mr. Reiersen will work on three-day week basis with four weeks vacation. This will require 116 time bankdays or an increase of 66 days over the 2007 level of pay. Mr. Reiersen's salary will increase 5% effective 1/01/09 bringing gross full time salary to $342,000. In return for the additional time bank days, Mr. Reiersen will forego $85,500 of his full-time salary. Thus salary and benefits will be as follows:








Salary $256,500 per annum


116 time bank days


Company 401k plan


Company profit sharing plan as approved by Board


Company life insurance Supplemental life insurance Company DBL benefits


Company dental benefits


Company Car Acura MDX or equivalent


Company holidays


Severance pay- 6 months pay plus accrued time bank days.


Note: Accrued time bank days as of 12/31/09 plus any profit sharing due for 2009 profits, will be paid in 2010 by February 28, 2010.








Period 1/01/10 and subsequent years- Mr. Reiersen will receive an annual salary of $100,000 as Consultant to the Company.  Mr. Reiersen in addition to his responsibilities as a Board member will provide consulting services and other specified duties as established by the Board.  Mr. Reiersen will continue to be eligible for any employee profit sharing plan benefits established by the Board as well as participation in the Companies 401-k Plan. Should the Board decide to terminate Mr. Reiersen as Consultant of the Company, Mr. Reiersen shall receive a severance payment equal to $50% of his annual salary.





Other provisions:


1.
Accrued time bank days are capped at 50 days.


2.
Upon conversion of CMIC to a stock company, CMIC will become a part of the DCAP Group Inc. and Mr. Reiersen will be granted shares of DCAP stock upon such conversion, in an amount to be determined at such time.








3.
For the period 1/01/08- 12/31/09, should Mr. Reiersen decide to work more than a three or four day week his salary shall be adjusted accordingly.





4.
During the term of the above employment, including service as Chairman of the Board, and for a five-year period subsequent to termination of his employment, Mr. Reiersen shall not obtain employment or provide consulting services to any competitor or potential competitor of CMIC or its successor companies. Mr. Reiersen is forever precluded from assisting any other insurers in writing CMIC's unique product lines or in utilizing its unique underwriting or claims procedures. During the course of his employment and for a five-year period subsequent to his employment, Mr. Reiersen will be required to obtain written approval from the Board for any employment or consulting services to be provided to any other insurance company.








The above contract is agreed to by both parties to be effective on November 13, 2006.














/s/ John D. Reiersen   /s/ Barry B. Goldstein


John D. Reiersen                                                                Barry B. Goldstein


President & CEO                                                                Chairman of the Board


Commercial Mutual                                                            Commercial Mutual


Dated: September 13, 2006                                                Dated: September 13, 2006